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Beijing Plans to Invest $1 Billion in Development Projects in Islamabad

Besides this, he also said the pace of development projects under the China-Pakistan Economic Corridor (CPEC) was satisfactory

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Beijing, Invest, Islamabad
He made the announcement while addressing the Islamabad Women's Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported. Pixabay

Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad.

He made the announcement while addressing the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported.

Besides this, he also said the pace of development projects under the China-Pakistan Economic Corridor (CPEC) was satisfactory and the second phase of the China-Pakistan Free Trade Agreement (CPFTA) will be finalised in October after which 90 per cent of Pakistani exports including agricultural products and seafood will attract a 0 per cent duty.

“Market access will increase Pakistan’s exports by $500 million, which will reduce the disparity between bilateral trade,” said Yao.

Beijing, Invest, Islamabad
Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad. Pixabay

The envoy remarked that Chinese businesswomen would be invited to participate in the fifth Islamabad Expo scheduled in November to explore the market and promote networking.

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“In addition, women entrepreneurs of Pakistan would be sent to China to participate in the expos and explore business opportunities,” he added. (IANS)

Next Story

Vivo To Unveil Concept Smartphone “APEX 20” on February 28 in Beijing

The smartphone does not have a USB port, instead, it relies on a magnetic port that connects to the bottom part of the back cover for charging and data transfer

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Vivo
Vivo said the upcoming APEX 2020 represents Vivo's prediction and layout of mobile phone development and technological innovation in 2020, news portal GizmoChina reported. Wikimedia Commons

Vivo was expected to announce its APEX 2020 concept smartphone at the MWC 2020 in Barcelona, Spain, however, as the conference got cancelled the company will be showcasing the device on February 28 in Beijing, China.

Vivo said the upcoming APEX 2020 represents Vivo’s prediction and layout of mobile phone development and technological innovation in 2020, news portal GizmoChina reported.

The teaser shared by the company shows a circular shaped camera ring at the back, the Apex logo at the bottom of the rear panel and curved screen edges are seen on the sides.

The device was announced at Mobile World Congress in 2019.

To recall, the device features a super unibody curved glass design and comes with a 6.39-inch AMOLED display.

Vivo
Vivo was expected to announce its APEX 2020 concept smartphone at the MWC 2020 in Barcelona, Spain, however, as the conference got cancelled the company will be showcasing the device on February 28 in Beijing, China. Wikimedia Commons

The smartphone does not have a USB port, instead, it relies on a magnetic port that connects to the bottom part of the back cover for charging and data transfer.

Additionally, the phone replaces physical buttons with pressure-sensitive power and volume buttons.

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It has no visible speaker too. (IANS)